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Contents (2009 - 7)
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Associations Incorporation Act 2009 No 7
Current version for 7 July 2017 to date (accessed 23 July 2017 at 08:56)
Part 5 Division 2 Section 47
47   Financial statements
(1)  As soon as practicable after the end of each financial year, the committee of a Tier 2 association must cause financial statements for that year to be prepared, in accordance with this section, in relation to the association’s financial affairs (including its affairs as trustee of any trust).
Maximum penalty: 5 penalty units.
(2)  The financial statements must give a true and fair view of the association’s affairs and must deal with such matters as are prescribed by the regulations.